Thursday 23 March 2017
 
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Yellow Door Energy to fund Novotel Fujairah retrofit

Yellow Door Energy, a Dubai-based firm that invests in and operates distributed solar and energy efficiency assets, has announced a new investment in the energy services industry by financing the retrofit of Novotel Fujairah hotel. The retrofit is based on the recommendations of

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Huge opportunities await Saudi, China says Aramco chief

The long standing relationship between Saudi Arabia and China can be further amplified with a host of new business and economic opportunities ranging from energy collaboration, knowledge and technology transfer, as well as innovation-driven industries, benefiting both countries and beyond, said

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Iran 'needs $187bn for 100pc renewable energy system'

Iran has the capability to set up a 100 per cent renewable energy system for the country by 2030 by investing around $187 billion, according to a study released by a Finnish university. According to the Lappeenranta University of Technology, the country would need to develop abou

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Total eyes 50pc stake in Iran’s $4bn giant oil project

French oil giant Total has signed an agreement with Iranian authorities for a 50 per cent stake in Iran’s South Pars project which will developed at an investment of $4 billion, according to a report. The South Pars field will begin production by the end of the fiscal year,

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Huawei ranks third globally for Q4 server shipments

Huawei's server shipment volume ranked third in the global market in Q4 2016 improving from its fourth-place slot, according to a recent market report released by Gartner, a global IT technology research and consultancy company. Since 2015, Huawei servers have been crucial co

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Schneider Electric launches new wiring devices

Schneider Electric, a global specialist in energy management and automation, has announced the launch of Unica, a comprehensive, international wiring device range that comes in a variety of designs and finishes. The versatile range offers a wide range of flush-mounting boxes, ter

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Bilfinger's Oman JV wins big PDO contract extension

Germany-based Bilfinger said its Oman joint venture has won an extension of its multimillion-dollar framework contract to provide engineering and maintenance services to oil and gas company Petroleum Development Oman (PDO). A European company specialised in civil and industrial c

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Huawei plans smart city innovation hub in Saudi

Investment Saudi Arabia and Royal Commission for Jubail and Yanbu have signed a milestone agreement with leading information and communications technology (ICT) company Huawei to establish a training academy and a smart city innovation centre in Yanbu region of the kingdom, accelerating smart c

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Opec-Russia energy dialogue likely in June

Opec secretary general Mohammad Sanusi Barkindo will attend the Opec-Russia energy dialogue, expected to be held in June, the organization said in a statement. Barkindo has invited Dr Sun Xiansheng, secretary general of the Riyadh-based International Energy Forum (IEF) to attend

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Credit Agricole 'to advice Duqm Refinery on funding'

Oman’s Duqm Refinery & Petrochemical Co (DRPC) has hired Credit Agricole SA to advise on fundraising for its $6 billion project, a Bloomberg

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